What’s Next? Shiba Inu (SHIB) Enormous Move for Erasing Zero, Pepe (PEPE) Fundamental Breakout Secured
The post What’s Next? Shiba Inu (SHIB) Enormous Move for Erasing Zero, Pepe (PEPE) Fundamental Breakout Secured appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Due to its incredible ascent, XRP’s price has risen to $1.95, bringing it closer to the psychological $2.00 mark and increasing its market capitalization to an incredible $110 billion. Due to the asset’s remarkable rally, investors are now speculating about two possible futures for it based on its current price action. Breaking through $2.00 might lead to another round of bullish activity if XRP maintains its momentum. Strong upward pressure is shown on the chart, which has been bolstered by consistently high volume in recent days. Profit-taking may take place at the next resistance level, which is approximately $2 to $20. XRP/USDT Chart by TradingView XRP could become one of the best-performing assets on the market if it breaks through this barrier and continues to rise to $2.50. However, the volume must continue to be high and investor confidence must not decline for this scenario to come to pass. Conversely, XRP’s RSI implies that the rally may be overextended as it is currently in overbought territory. A pullback could occur if $2.00 is not broken with $1.70 and $1.50 serving as possible supports. The 21-day EMA, which has been a dependable support during this uptrend, and prior resistance points are both at these levels. It would be beneficial for the asset to have a period of consolidation…
Filed under: News - @ December 2, 2024 12:07 am